Plan Ledger DOL Form 5500 · updated monthly

Economic Security Corporation of Southwest Area403(b)

ECONOMIC SECURITY CORPORATION OF SOUTHWEST AREA 403(B) PLAN · JOPLIN, MO · plan year 2024

Reported admin expense ratio · 2024
0.56%

Peer grade: C · admin costs + employer contributions vs same-size plans · how grading works

Economic Security Corporation of Southwest Area reported $39,403 in plan administrative expenses for 2024: 0.56% of average plan assets, above the peer median. Employer contributions averaged $551 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio fell from 0.65% to 0.56%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Missouri (961st of 1,393), and 6,677th of 11,911 in health care & social assistance. In 2024, employees put in $2.36 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$7,459,352
Participants with balances151
Active participants363
Employer contributions$199,947
Employee contributions$472,671
Employer contribution per active participant$551
Average account balance$49,400
Benefits paid to participants$533,872
Plan auditUnmodified (clean) audit opinion
AuditorROBERTS, MCKENZIE, MANGAN & CUMMING
Plan history3
Yearassets · accounts · employer contribution
2024$7.5M · 151 accts · $200K emplr
2023$6.6M · 136 accts · $200K emplr
2022$5.7M · 152 accts · $192K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$39,403
Total administrative$39,403
Employer contributions to the Economic Security Corporation of Southwest Area plan · 2024
Employer contribution per active participant$551
Median for plans this size$1,313
2024$551 per active participant
2023$644 per active participant
2022$489 per active participant

Economic Security Corporation of Southwest Area's 2024 employer contribution ran below the $1,313 median for plans its size, in the bottom quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20241
STANCORP FINANCIAL GROUP · Claims processing · Recordkeeping$39,401

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024The Standard
2023The Standard

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$39,403 · 0.56%
2023$37,118 · 0.60%
2022$36,312 · 0.65%
Same employer
Similar plansHealth Care & Social Assistance · Missouri
Ability Kc MO$7.8M · 0.52%
Places for People Inc. MO$7.5M · 0.02%
Pony Bird, Inc. MO$7.5M · 1.04%
Familyforward MO$7.4M · 0.23%
Community Living, Inc. MO$7.1M · 0.12%

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Source: U.S. Department of Labor, Form 5500 series, EIN 430834199 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.